Crypto Investors Turn to Secure Hardware as Hacking Rates Surge

As hacking rates soar, crypto investors are increasingly turning to secure hardware like cryptocurrency wallets, with Ledger reporting record revenues this year amidst rising security concerns.

Ledger, based in Paris and founded in 2014, has experienced its best year yet, with revenues reaching triple-digit millions amid a surge in hacking incidents involving cryptocurrencies.
In New York City, the demand for secure devices and cryptocurrency wallets is rising sharply, driven by fears of security hackers targeting digital assets like Bitcoin.
Chainalysis reports that hack attacks on companies and individuals have reached unprecedented levels, prompting investors to prioritize security for their cryptocurrency holdings.

Why It Matters

The increasing demand for secure hardware reflects a growing awareness among investors about the vulnerabilities in the cryptocurrency market. As hacking threats escalate, ensuring the safety of digital assets becomes crucial for fostering trust and stability in this evolving financial landscape.